It looks like a media organizer with the complicated sidebar. Once you switch off that side bar (I assume you can because the second two screenshots don't have one) it looks like the good-old simple VLC player.
I think they may have just put these screenshots in the wrong order. If the simple player screenshot was placed center stage, and the sidebar / drag and drop screenshots had lower priority people would be like: "It's modern redesign of the controls, and there's a sidebar too if you fancy it."
I think they may have just put these screenshots in the wrong order. If the simple player screenshot was placed center stage, and the sidebar / drag and drop screenshots had lower priority people would be like: "It's modern redesign of the controls, and there's a sidebar too if you fancy it."